FairPoint Communications 2004 Annual Report Download - page 79












        
  





 















 








Balance at December 31, 2001 8,643 $ 86 809 $ 8 218,341 (2,247)(365,698)(149,510)
Net income — — — — — — 13,239 13,239
Compensation expense for stock-based
awards — — — — 924 — — 924
Other comprehensive loss from available-for-
sale securities — — — — — (322) — (322)
Other comprehensive income from cash
flow hedges — — — — — 1,437 — 1,437
Preferred stock accretion — — — — (1,000) — — (1,000)
Preferred stock dividends — — — — (10,918) — — (10,918)
Balance at December 31, 2002 8,643 86 809 8 207,347 (1,132)(352,459)(146,150)
Net income — — — — — — 1,671 1,671
Compensation expense for stock-based
awards — — — — 15 — — 15
Other comprehensive income from
available-for-sale securities — — — — — 1,469 — 1,469
Other comprehensive income from cash
flow hedges — — — — — 1,029 — 1,029
Repurchase redeemable preferred stock — — — — — — 2,905 2,905
Preferred stock accretion — — — — (729) — — (729)
Preferred stock dividends — — — — (8,163) — — (8,163)
Balance at December 31, 2003 8,643 86 809 8 198,470 1,366 (347,883)(147,953)
Net income — — — — — — (23,682)(23,682)
Compensation expense for stock-based
awards — — — — 49 — — 49
Other comprehensive loss from available-for-
sale securities — — — — — (1,469) — (1,469)
Other comprehensive income from cash
flow hedges — — — — — 103 — 103
Balance at December 31, 2004 8,643 $ 86 809 $ 8 198,519 — (371,565)(172,952)
See accompanying notes to consolidated financial statements.
75